CHESAPEAKE ORCHESTRA INC

EIN: 300713937 501(c)(3) Arts, Culture & Humanities

Leonardtown, MD

Total Revenue
$252,000
Total Expenses
$249,753
Total Assets
$2,735
Net Assets
$2,735
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MD
Principal Officer
Jeffrey Silberschlag
Phone
3018485309
Tax Period
2018-01-01 to 2018-12-31

CHESAPEAKE ORCHESTRA INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $252K in total revenue in fiscal year 2018. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

The primary mission of the Chesapeake Orchestra Inc is to support the performances, commissions, arrangements, recordings, student scholarships, faculty fellowships, musicians, music director of the Chesapeake Orchestra, so to provide professional quality concerts of classical and jazz music to underserved areas of the Chesapeake region and to provide classical music training through opportunities with its musicians of the Chesapeake Orchestra and through its educational arm, The Maryland Youth Symphony Orchestra.

Program Service Accomplishments

Program 1
Expenses: $163,998 Revenue: $18,047

Chesapeake Orchestra Inc. provided the musicians of the Chesapeake Orchestra (over 100 professional musicians), renowned guest soloists and the music direction for the River Concert Series performing...

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Chesapeake Orchestra Inc. provided the musicians of the Chesapeake Orchestra (over 100 professional musicians), renowned guest soloists and the music direction for the River Concert Series performing for some 30,000 concert goers over six large scale symphony Orchestra and jazz programs.

Program 2
Expenses: $8,100 Revenue: $12,589

The Chesapeake Orchestra Inc produced the Maryland Youth Symphony Season including all recruitment of students, weekly rehearsals, assisting artists, sheet music, music direction, and the formal...

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The Chesapeake Orchestra Inc produced the Maryland Youth Symphony Season including all recruitment of students, weekly rehearsals, assisting artists, sheet music, music direction, and the formal public concerts. Additionally a group of students gained performing experience on tour at the Alba Music Festival in Italy.

Program 3
Expenses: $77,655 Revenue: $75,106

The Chesapeake Orchestra toured a key group of its musicians from the Orchestra and a contingent of its students from the Maryland Youth Symphony to the Alba Music Festival in Italy to perform in...

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The Chesapeake Orchestra toured a key group of its musicians from the Orchestra and a contingent of its students from the Maryland Youth Symphony to the Alba Music Festival in Italy to perform in concert for 10 days

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $252,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $252,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,000
Fundraising Expenses $0
Program Expenses $249,753
Other Expenses $216,753
TOTAL EXPENSES $249,753

Year-over-Year Comparison

2018 2017 Change
Revenue $252,000 $209,270 +0.2%
Expenses $249,753 $209,212 +0.2%
Net Income $2,247 $58 +37.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$52,000
Total Directors
6
$118,000
Key Employees
1
$52,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike O'Brien Board of Director 0.5
Director
$0 $0 $0
Hilary Howard President 0.50
Director
$0 $0 $0
Peggy Benzel Board of Directors 0.50
Director
$0 $0 $0
Dr Terrence Bertele Board of Directors 0.50
Director
$0 $0 $0
Deborah Greitzer Executive Director 39
Director Highest
$33,000 $33,000 $66,000
Jeffrey Silberschlag Music Director and Founder 25
Officer Director Key Emp
$26,000 $26,000 $52,000
Rick Dempsey Board of Directors 0.50
$0 $0 $0
Robin Witte Board of Director 0.50
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $252,000 $249,753 $2,735 $2,247
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